General Electric (GE) Offering Possible 26.58% Return Over the Next 22 Calendar Days

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General Electric’s most recent trend suggests a bearish bias. One trading opportunity on General Electric is a Bear Call Spread using a strike $104.00 short call and a strike $109.00 long call offers a potential 26.58% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $104.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $109.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for General Electric is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for General Electric is bearish.

The RSI indicator is at 41.2 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for General Electric

GE’s Most Interesting Business After the Break-Up Will Be…
Tue, 23 Nov 2021 15:37:00 +0000
There’s no doubt that the GE Healthcare spinoff and the portion of the company that won’t get spun off will be the stronger two, but I think the third business will be the most interesting. Here’s why investors should not be quick to dismiss the combination of GE Power, GE Renewable Energy, and GE Digital. As a reminder, GE’s plans involve spinning off GE Healthcare in early 2023 (with GE retaining a 19.9% stake in the new company), and then combining GE Power, GE Renewable Energy, and GE Digital into one business and spinning that off in 2024.

Viva Air Implements Flight Analytics Solution from GE Digital to Target Fuel Consumption, Cost Savings, and Sustainability
Tue, 23 Nov 2021 15:00:00 +0000
SAN RAMON, Calif., November 23, 2021–Viva Air Implements Flight Analytics Solution from GE Digital to Target Fuel Consumption, Cost Savings, and Sustainability

GE Stock Coverage Resumed at Morgan Stanley With Overweight Rating
Tue, 23 Nov 2021 12:45:00 +0000
Shares of General Electric were rising slightly Tuesday afternoon after analysts at Morgan Stanley resumed coverage of the company with an overweight rating and $125 price target. Morgan Stanley notes that GE has reduced the risk of its power division, leverage/pension and insurance over the past three years. Despite those developments, GE shares have been range-bound for the most part of the past two years.

How Scale Went Out of Fashion in Corporate America
Mon, 22 Nov 2021 16:04:00 +0000
With the notable exception of big tech companies, trends have gone against conglomerates like GE, writes Marvin Lieberman and Robert Rene.

New Zealand’s Counties Energy Partners with GE Digital for its Digital Utility Transformation
Mon, 22 Nov 2021 15:00:00 +0000
SAN RAMON, Calif., November 22, 2021–New Zealand’s Counties Energy will implement GE Digital’s Advanced Distribution Management (ADMS) as part of its Digital Utility program.

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